Coinbase CPO Surojit Chatterjee Explains Why He Believes the Exchange Will Win- Ep. 385

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 16 August 2022

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Surojit Chatterjee, chief product officer at Coinbase, comes to talk about what products Coinbase is building, how it can thrive in such a competitive landscape, how to onboard billions of users into crypto, and much more. Show highlights: how Surojit got into crypto and ended up at Coinbase what sets Coinbase apart from the competition how to bring billions of customers to crypto Surojit’s mental model of a bridge between the fiat world and the crypto world how Coinbase is integrating its main app with Web3 whether crypto can become a utility rather than an investment asset how Coinbase is building a product in such a way that it attracts even “crypto-native” people what happened with Coinbase NFT Marketplace’s failure and whether the company will keep investing in NFTs whether Coinbase has lost crypto-embedded people among its employees how the partnership with BlackRock indicates how far crypto has come the amount of money that institutions could potentially pour into crypto how Coinbase will prevent itself from having the largest percentage of staked ETH how the company is monetizing the Coinbase wallet and what would happen to revenue if the trading volume were to move from the exchange to Coinbase wallet swaps why Coinbase is suffering a decline in trading volume whether Coinbase can compete with newer exchanges like FTX and Binance and why Surojit still thinks Coinbase will win why it is important to keep investing and building through this crypto winter Surojit’s take on the frontrunning of coins about to be listed on the platform why the Howey test (which determines whether something is a security) is outdated how Coinbase understands securities, and whether the firm thinks the tokens listed on the platform are securities how can Coinbase compete with decentralized exchanges like Uniswap why Surojit is worried about regulatory clarity and stablecoins how hacks and security give the crypto industry a bad reputation what Surojit’s dreams are for the industry Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://www.avax.network/ Show Links Surojit: Twitter: https://twitter.com/surojit Coinbase Q2 2022 Earnings: Shareholder letter: https://s27.q4cdn.com/397450999/files/doc_financials/2022/q2/v2/Q2-2022-Shareholder-Letter.pdf Summary: https://twitter.com/fintechintern/status/1557130836574539776?s=20&t=R-oDUTEaev-F8bPonC2q5Q Earnings call: https://s27.q4cdn.com/397450999/files/doc_financials/2022/q2/Coinbase-Q2%2722-Earnings-Call-Transcript.pdf NFT Marketplace: Coinbase NFT launch: https://decrypt.co/99561/coinbase-nft-marketplace-150-users-first-day-public NFT Market data: https://dune.com/Marcov/0x-NFT-Market Gamestop NFT stats: https://dune.com/dataisking420/gamestopnft-stats Gamestop’s performance against Coinbase: https://decrypt.co/105069/gamestop-ethereum-nft-sales-dwarf-coinbase-nft Partnerships BlackRock: https://www.coindesk.com/business/2022/03/24/blackrocks-fink-says-ukraine-war-could-accelerate-crypto-adoption-report/ https://blog.coinbase.com/coinbase-selected-by-blackrock-provide-aladdin-clients-access-to-crypto-trading-and-custody-via-b9e7144f313d https://www.coindesk.com/markets/2021/07/14/blackrock-ceo-larry-fink-seeing-very-little-demand-for-crypto-lately/ Integration with META: https://www.coindesk.com/business/2022/08/04/meta-confirms-nft-rollout-across-100-countries-amid-coinbase-integration/ ** For more episode links and details visit the Unchained website ** Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host,
0:09.4	Laura Shin, author of The Crypto Beans. I started covering crypto seven years ago,
0:14.8	and as a senior editor at Forbes was the first mainstream meter porter to cover cryptocurrency
0:19.1	full-time. This is the August 16th, 2022 episode of Unchained. With the Crypto.com app,
0:25.1	you can buy, earn, and spend crypto in one place. Download and get $25 with the code
0:30.7	Laura, link in the description. Harness the full power of the Avalanche Network with Core,
0:36.5	your new Web3 command center. Built by Avalabs, Core is more than just a wallet.
0:42.1	It's a non-custodial browser extension, engineered for users to seamlessly and securely experience
0:47.9	Web3 like never before. Explore Avalanche DAPs, NFTs, Bridges, Subnets, and more today.
0:55.7	Pantsy mini-cheddar. They don't get cheddar than this.
0:59.6	Hmm, could be the greatest cheese-knock ever. They might well breathe.
1:04.8	I just wish I had my own packet. Gives another? No chance. You're better by your own.
1:09.2	Well, that's mature. Add some cheese to the moment, with mini-chedders, baked with real cheese.
1:15.3	What do I do? What do I do? What do I say? What do I say?
1:20.5	In the McMillan online community, we know what it's like to have cancer,
1:26.4	because we have it too. So whatever you're thinking, whatever you're feeling, whatever you
1:32.3	need to ask about cancer, whatever the time of day or night, we'll do whatever it takes
1:39.4	to help you. To join us, search McMillan online community.
1:44.3	Today's guest is Syrogette Chatterjee, Chief Product Officer at Coinbase.
1:50.8	Welcome, Syrogette. Thank you for having me here, Laura.
1:55.0	Tell us the story of how it is that you got into crypto and came to work at Coinbase.
2:00.7	It's a hard to go back a few years. Actually, my first introduction with crypto,
	...

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